SEALSQ Corp (NASDAQ: LAES), a leader in semiconductors and post-quantum technology, has raised a total of $60.0 million through multiple registered direct offerings. This includes the $10.0 million offering reported on December 12, 2024, and an additional $50.0 million raised through subsequent offerings. The funds will accelerate the deployment of post-quantum semiconductor technology and ASIC capabilities in the U.S. while supporting general corporate purposes.
The first of the additional offerings, announced on December 16, 2024, highlighted pricing above market under NASDAQ rules, with a public offering price of $1.90 per share. SEALSQ entered into a securities purchase agreement with institutional investors, with Maxim Group LLC serving as the sole placement agent. The closing was initially projected for December 17, subject to customary conditions.
On December 17, SEALSQ reiterated the pricing details and adjusted the expected closing date to December 19, providing additional clarity on the offering. These updates ensured transparency regarding the terms, conducted under an effective shelf registration statement on Form F-3 filed with the SEC.
By December 19, SEALSQ confirmed the successful completion of the offering, bringing the total raised to $60.0 million. CEO Carlos Moreira expressed confidence in the funds’ role in driving the company’s quantum technology roadmap, particularly the development and launch of post-quantum chips.
For further details, refer to the December 12, December 16, December 17, and December 19 press releases.
December 24, 2024
